RDNW vs YHC: Correlation
How closely do RideNow Group, Inc. (RDNW) and LQR House Inc. (YHC) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RDNW and YHC?
On 3 years of weekly data the RDNW/YHC correlation comes out at 0.32, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.32). The 5-year figure is n/a, and annualized covariance runs at 4522.1 %².
YHC is close to the least connected end of RDNW's tracked universe, ranking #8 of 12. Correlation aside, the last 12 months split them widely, with RDNW ahead by 171.1 points (+73.0% versus -98.1%). Note the risk asymmetry: YHC runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
RDNW vs YHC: side by side
| RDNW (RideNow Group, Inc.) | YHC (LQR House Inc.) | |
|---|---|---|
| 1-year return | +73.0% | -98.1% |
| 5-year return | -83.4% | n/a |
| Volatility (ann.) | 80.4% | 178.2% |
| Beta vs S&P 500 | 2.03 | 0.55 |
| Max drawdown (3Y) | -82.3% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RDNW | YHC |
|---|---|---|
| 2022 | -84.4% | – |
| 2023 | +25.8% | – |
| 2024 | -33.3% | -46.4% |
| 2025 | +1.7% | -98.1% |
| 2026 | +6.9% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RDNW and YHC good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between RDNW and YHC?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.15 over the last year and n/a over 5 years.
Is YHC a good diversifier for RDNW?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rdnw-vs-yhc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rdnw-vs-yhc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RDNW correlations · YHC correlations
